Core Viewpoint - *ST Hengli has initiated a public selection process for an accounting firm for the 2024 annual audit due to its failure to disclose the 2024 financial report on time, attributing the delay to the previous auditor's misconduct [1][2] Group 1: Audit Selection Process - The company has set a deadline of May 20, 2025, for applications from accounting firms, requiring the selected firm to provide a stamped financial report by June 22, 2025 [1] - Specific qualifications for the auditing firm include having at least 10 staff members on-site, with a minimum of 5 holding valid CPA licenses, emphasizing the complexity and urgency of the audit [1] Group 2: Previous Auditor Issues - The previous auditor, Shenzhen Xutai Accounting Firm, allegedly ignored the company's legal rights and created obstacles during the audit process, leading to a flawed audit report issued on April 29, 2025 [2] - The company has filed a lawsuit against the previous auditor, seeking over 38 million yuan in damages due to the auditor's negligence and failure to meet professional standards [2] Group 3: Regulatory Consequences - As a result of the failure to disclose the 2024 financial report, the company received a notice from the Shenzhen Stock Exchange regarding the potential termination of its listing [2][3] - The company has submitted a hearing application to the Shenzhen Stock Exchange, indicating its intention to present written statements and defense materials within the specified timeframe [3] Group 4: Company Valuation and Shareholder Information - Prior to the suspension of trading, the company's total market value was 760 million yuan, with 18,480 ordinary shareholders reported as of the end of the third quarter of the previous year [4]

Core Viewpoint - The company, Zhongwei New Materials Co., Ltd., has disclosed its first quarter report for 2025, ensuring the accuracy and completeness of the information provided [1][9]. Financial Data Summary - The first quarter report has not been audited [3][7]. - The company has made adjustments to previous accounting data due to a capital reserve conversion completed in May 2024, affecting earnings per share calculations for the same period last year [3]. - The company reported a total share repurchase of 11,521,739 shares, representing approximately 1.23% of the total share capital, with a total transaction amount of approximately 423.99 million yuan [6]. Shareholder Information - The company has initiated a share repurchase plan with a total fund allocation between 50 million yuan and 100 million yuan, with a maximum repurchase price set at 57 yuan per share [5]. Other Important Matters - The company has confirmed that there are no non-recurring gains or losses applicable for the reporting period [4]. - The company has not classified any non-recurring gains or losses as regular gains or losses [4].